JustLiquidity: A Simple Multi-Chain Liquidity and DeFi Ecosystem

What is JustLiquidity

Friends, imagine we deposit money in a bank—the bank lends out our money and gives us some interest. In the blockchain world, there’s a similar concept, but it’s more open and transparent. JustLiquidity (JUL for short) was originally such a “liquidity protocol.”

Simply put, it’s like a decentralized “fund pool” that encourages everyone to put their crypto assets (such as Ethereum, ETH) into it, providing liquidity needed for decentralized exchanges (like Uniswap). In return, liquidity providers not only earn a share of trading fees, but also receive the project’s own JUL tokens as rewards.

One interesting aspect of this project is that the supply of JUL tokens is “elastic,” like a balloon that breathes: when more funds are injected into the liquidity pool, the supply of JUL increases; when funds are withdrawn, the supply decreases. The project aims to use this mechanism to gradually stabilize the price of JUL tokens toward a “target price,” providing holders with relatively stable and predictable returns.

However, the development of JustLiquidity has been quite complex, and it didn’t stop at providing liquidity. It later developed multiple related products and tokens, such as the JULB token on Binance Smart Chain (BSC), and the JULD token launched after a flash loan attack. It also built a broader decentralized finance (DeFi) ecosystem, including its own decentralized exchange (JulSwap), digital wallet (JulWallet), cross-chain bridge (Token Bridge), and decentralized payment card (JulCard), among others.

Project Vision and Value Proposition

JustLiquidity’s vision is to build a comprehensive, user-friendly decentralized financial ecosystem, enabling ordinary users to easily participate in crypto trading, payments, and asset management. It aims to solve the inefficiency and high costs of traditional finance, and provide a more convenient and transparent decentralized alternative to centralized exchanges.

Its core value proposition is reflected in several aspects:

• Empowering Liquidity Providers: Through reward mechanisms, it encourages users to provide funds for decentralized trading, thus promoting the healthy development of the entire DeFi market.
• Lowering Barriers: Products like JulSwap make decentralized trading as simple and user-friendly as centralized exchanges.
• Cross-chain Interoperability: Through token bridges, assets can flow freely between different blockchains (such as Ethereum and Binance Smart Chain), solving the “information silo” problem between blockchains.
• Innovative Payment Solutions: With products like JulCard, it explores integrating crypto with daily payments, offering virtual and physical debit cards, and supporting mainstream mobile payment methods (such as Apple Pay, Google Pay, Samsung Pay), making crypto assets more practical in the real world.
• Privacy Protection: Through the “Blackhole” protocol, it provides private transaction features on Binance Smart Chain, meeting users’ needs for transaction privacy.

Technical Features

The technical architecture and functions of JustLiquidity are the foundation for realizing its vision. We can think of it as a multi-functional toolbox:

• Liquidity Protocol: This is the starting point of JustLiquidity. It integrates with decentralized exchanges like Uniswap, manages liquidity pools via smart contracts, and adjusts the supply of JUL tokens based on the pool’s funds to stabilize the token price.
• Token Bridge: Like a bridge connecting two cities, JustLiquidity’s token bridge allows users to seamlessly transfer tokens between Ethereum (ERC20 standard) and Binance Smart Chain (BEP20 standard). This is very useful for projects and users who want to leverage BSC’s lower fees and faster speeds.
• Decentralized Exchange (JulSwap): This is a platform that allows users to trade cryptocurrencies directly on the blockchain, without a centralized third party. It offers a user experience similar to centralized exchanges, while maintaining the core advantages of decentralization.
• JulWallet: This is a mobile digital wallet that not only stores cryptocurrencies, but also plans to integrate NFT (non-fungible token) minting and trading features, and even supports virtual and physical debit cards, allowing users to spend crypto directly in daily life.
• Blackhole Protocol: This is a privacy-focused protocol that allows users to make anonymous transactions on Binance Smart Chain, enhancing transaction privacy.
• JulCard: This is a decentralized payment card system designed to address fraud and identity theft issues that traditional debit cards may face. It may utilize technologies like the Fantom blockchain to provide a more secure and decentralized payment solution.

Tokenomics

There are several different tokens in the JustLiquidity ecosystem, each playing a different role in the project’s development:

• JUL (original token): This is the initial token of JustLiquidity, mainly used to reward liquidity providers. Its notable feature is “elastic supply,” meaning the total supply increases or decreases based on changes in the liquidity pool. The total supply of JUL is 1,000,000 tokens.
• JULB (Binance Smart Chain version): With the rise of Binance Smart Chain, JustLiquidity also launched the JULB token on BSC, also with a total supply of 1,000,000 tokens. This allows the project to leverage BSC’s lower transaction fees and faster speeds.
• JULD (current main token): After the project suffered a flash loan attack, to address security issues, the team advised users to swap JUL and JULB for the new JULD token. JULD has broader uses in the ecosystem, such as booking travel on Travala.com or shopping on shopping.io. The JulCard whitepaper also mentions the JULD token and explains its supply and uses.

These tokens are designed to incentivize users to participate in the ecosystem, provide liquidity, and serve as payment and governance tools within the ecosystem.

Team, Governance, and Funding

The founder and CEO of JustLiquidity is Tobias Graf. He has a background in finance and insurance brokerage, entered the crypto space in 2017, saw the huge potential of the market, and has been dedicated to the development of JustLiquidity and JulSwap.

In terms of governance, the JulCard whitepaper mentions the concept of “JulCard governance,” meaning the community or specific governance bodies may have decision-making power over certain aspects of the project. At the same time, the whitepaper also mentions that the “contract owner” has specific powers, indicating that there may still be some degree of centralized control over certain core functions.

Regarding funding, there is no detailed disclosure of specific funding rounds or treasury size in public information. However, the project’s ability to continuously develop and launch multiple products such as JulSwap, JulWallet, and JulCard indicates it has some financial support and operational capability.

Roadmap

The development history and future plans of the JustLiquidity project can be summarized as follows:

Key Historical Milestones:

• Early stage: Integrated as a liquidity protocol with Uniswap, launched the JUL token, and adopted an elastic supply mechanism.
• Expansion to BSC: Launched the JULB token, leveraging the advantages of Binance Smart Chain.
• Product ecosystem building: Successively launched JulSwap (decentralized exchange), JulWallet (digital wallet), Token Bridge, and Blackhole (privacy transaction protocol).
• Responding to security incidents: After a flash loan attack, launched the JULD token and advised users to migrate tokens.

Key Future Plans (as of 2021):

• JustLiquidity Private Protocol: Plans to launch a protocol allowing users to anonymously send BNB, BUSD, USDT, JULb, and JulD tokens to enhance transaction privacy.
• JulIncubator: Plans to set up an incubator to help new blockchain projects and teams directly join the Binance Smart Chain ecosystem.
• JulWallet integrated debit card: Plans to integrate virtual and physical debit card features into the JulWallet mobile app, supporting Apple Pay, Google Pay, and Samsung Pay, making it easier for users to spend crypto in daily life.
• JulPad: Plans to launch a platform for blockchain startups to raise funds via crowdfunding.
• NFT features: JulWallet plans to introduce NFT minting and trading features.

Common Risk Warnings

All blockchain projects come with risks, and JustLiquidity is no exception. It’s crucial to understand these risks before considering participation:

• Technical and Security Risks:
  • Flash loan attacks: JustLiquidity has suffered a flash loan attack, leading the team to advise users to migrate tokens to JULD. This shows that smart contracts may have vulnerabilities, and even after audits, risks cannot be completely eliminated.
  • Smart contract risks: All smart contract-based projects face the risk of contract code vulnerabilities, which, if exploited, may result in asset loss.
  • Multiple tokens and migration risks: The project’s multiple token iterations and migrations from JUL to JULB to JULD may cause confusion and operational risks for users.
• Economic Risks:
  • Price volatility: The crypto market is extremely volatile, and the prices of JUL, JULB, JULD, etc., may rise or fall sharply in a short period.
  • Liquidity risk: Some tokens (such as JULB) may show no market depth or low liquidity on certain platforms, making buying and selling difficult or causing price slippage.
  • Elastic supply mechanism: While JUL’s elastic supply mechanism aims to stabilize prices, it may also introduce uncertainty, requiring a deep understanding of how it works.
• Compliance and Operational Risks:
  • Regulatory uncertainty: Global regulatory policies on cryptocurrencies are still evolving, and future policies may negatively impact project operations and token value.
  • Fragmented project information: Due to the project’s long development history and involvement of multiple tokens and products, official information may be scattered and hard to obtain comprehensively, increasing research difficulty.
  • Centralization risk: Although the project claims to be decentralized, the “contract owner” powers mentioned in the JulCard whitepaper may indicate certain points of centralized control.

Verification Checklist

To gain a more comprehensive understanding of the JustLiquidity project, you can further verify and research through the following ways:

• Block explorer contract addresses:
  • JUL (Ethereum): 0x5580ab97f226c324c671746a1787524aef42e415
  • JULB (Binance Smart Chain): 0x32dffc3fe8e3ef3571bf8a72c0d0015c5373f41d
  • Please check these addresses on block explorers like Etherscan and BscScan to view token holder distribution, transaction history, and contract code.
• GitHub activity:
  • Although there is a GitHub link: https://github.com/JustLiquidity/DEFAULT-TOKEN-LIST, some sources indicate the official GitHub account is inactive or has no commits. It is recommended to visit the link to check the update frequency, number of contributors, and code quality to assess the project’s development activity.
• Official website:
  • Visit https://justliquidity.org for the latest project information and official announcements.
• Whitepaper:
  • Refer to JulCard-JustLiquidity White Paper V1.0.pdf (available on DocDroid) for technical details and economic models.
• Social media and community:
  • Follow their Twitter (https://twitter.com/JustLiquidity) and Telegram (https://t.me/justliquidity) channels for community discussions and the latest project updates.
  • Check articles on Medium (https://medium.com/@justliquidity) for project updates and in-depth analysis.
• Audit reports:
  • If the project claims to be audited, look for and read the relevant smart contract audit reports to understand the security assessment results.

Project Summary

JustLiquidity is a project that has explored the decentralized finance (DeFi) field for years, starting from a liquidity protocol and gradually developing into a comprehensive ecosystem including a decentralized exchange (JulSwap), digital wallet (JulWallet), cross-chain bridge, privacy transaction protocol (Blackhole), and decentralized payment card (JulCard). Its core philosophy is to provide users with more convenient and transparent crypto asset management and trading services, and to address some pain points in DeFi through elastic token supply mechanisms and various product innovations.

However, the project’s development has not been smooth—it suffered a flash loan attack and subsequently migrated tokens (from JUL/JULB to JULD). This reflects the technical security challenges faced by blockchain projects. Although the team responded proactively and launched new tokens and products, the complexity of multiple tokens, fragmented information, and market volatility all remind us to conduct thorough risk assessments.

Overall, JustLiquidity demonstrates the vitality of continuous innovation and evolution in the DeFi space, attempting to integrate liquidity provision, decentralized trading, privacy protection, and daily payments into one ecosystem. For those interested, it is recommended to study its whitepaper, official materials, and community discussions in depth, and, combined with the above risk reminders, make your own judgment. Please remember, this is not investment advice—cryptocurrency investment is high risk, so always DYOR (Do Your Own Research).